Benchmark Increases Trip.com Group (NASDAQ:TCOM) Price Target to $82.00

Trip.com Group (NASDAQ:TCOM) had its price target upped by Benchmark from $80.00 to $82.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 15.67% from the stock’s previous close.

TCOM has been the subject of several other reports. Barclays raised their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Sanford C. Bernstein boosted their price target on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Finally, Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.16.

Trip.com Group Trading Down 1.6%

Shares of Trip.com Group stock opened at $70.89 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The business has a fifty day simple moving average of $73.02 and a two-hundred day simple moving average of $66.43. Trip.com Group has a 1 year low of $51.35 and a 1 year high of $78.65. The company has a market capitalization of $46.31 billion and a price-to-earnings ratio of 19.42.

Institutional Investors Weigh In On Trip.com Group

Large investors have recently bought and sold shares of the company. Capital World Investors increased its holdings in Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after buying an additional 1,912,238 shares during the period. ARGA Investment Management LP lifted its stake in Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after purchasing an additional 1,763,562 shares during the last quarter. Davis Selected Advisers boosted its holdings in shares of Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after purchasing an additional 1,115,836 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after purchasing an additional 1,019,385 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Trip.com Group by 41.4% during the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after buying an additional 872,630 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.